Slovaks approve subsidy for Honeywell's plant

Newswire

BRATISLAVA, March 30 (Reuters) - Slovakia approved a state subsidy scheme worth 19.2 million euros ($27 million) for Honeywell International's planned turbocharger assembly plant, the government said on Wednesday. Prime Minister Iveta Radicova said the U.S. conglomerate, which plans to invest 38.3 million euro in the eastern Slovak region of Presov, will create more than 460 jobs in a region where jobless rate of 15 percent in the coming five year. The euro zone country's unemployment ...

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